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2022
Flag → Flag
Exports $1.63BRnk 25 / 217
2022
Flag → Flag
Top Product $144MCars
2022
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Exports $1.78BRnk 32 / 219
2022
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Top Product $165MNitrogen Heterocyclic Compounds
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.97Rnk 2 / 133
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$808BCURRENT US$
Rnk 20 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 128 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$92,101CURRENT US$
Rnk 5 / 186
2012-2022
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GDP PC GROWTH7.3%CURRENT US$
Rnk 125 / 186

About

Sweden-Switzerland Trade: In 2022, Sweden exported $1.63B to Switzerland. The main products that Sweden exported to Switzerland were Cars ($144M), Packaged Medicaments ($70.4M), and Gold ($67.6M). Over the past 5 years the exports of Sweden to Switzerland have decreased at an annualized rate of 0.43%, from $1.66B in 2017 to $1.63B in 2022.

In 2020, Sweden exported services to Switzerland worth $3.94B, with Other business services ($2.36B), Transportation ($722M), and Computer and information services ($263M) being the largest in terms of value.

Switzerland-Sweden Trade: In 2022, Switzerland exported $1.78B to Sweden. The main products that Switzerland exported to Sweden were Nitrogen Heterocyclic Compounds ($165M), Vaccines, blood, antisera, toxins and cultures ($162M), and Packaged Medicaments ($138M). Over the past 5 years the exports of Switzerland to Sweden have increased at an annualized rate of 3.76%,  from $1.43B in 2017 to $1.78B in 2022.

In 2019, Switzerland exported services to Sweden worth $735M, with Royalties and license fees ($246M), Transportation ($189M), and Computer and information services ($151M) being the largest in terms of value.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK950M and imported SEK1.42B from Switzerland, resulting in a negative trade balance of SEK472M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-119M (-11.1%) from SEK1.07B to SEK950M, while imports decreased by SEK-310M (-17.9%) from SEK1.73B to SEK1.42B.

Trade In August 2024, the top exports of Sweden to Switzerland were Cars (SEK202M), Packaged Medicaments (SEK168M), Gold (SEK142M), Vaccines, blood, antisera, toxins and cultures (SEK48M), and Telephones (SEK42.6M). In August 2024 the top imports of Sweden from Switzerland were Vaccines, blood, antisera, toxins and cultures (SEK144M), Oxygen Heterocyclic Compounds (SEK128M), Packaged Medicaments (SEK95.5M), Nitrogen Heterocyclic Compounds (SEK58M), and Base Metal Watches (SEK32.5M).

Growth In August 2024, the decrease in Sweden's year-by-year exports to Switzerland was explained primarily by an decrease in product exports in Chemical Analysis Instruments (SEK-40M or -73.9%), Machinery Having Individual Functions (SEK-24.5M or -69.3%), and Precious Metal Scraps (SEK-23M or -91.4%). In August 2024, the decrease in Sweden's year-by-year imports  from Switzerland was explained primarily by an decrease in product imports  in Nitrogen Heterocyclic Compounds (SEK-53.1M or -47.8%), Precious Metal Watches (SEK-20.7M or -51.9%), and Coffee and Tea Extracts (SEK-11.1M or -50.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-119M(-11.1%)
IMPORT GROWTH (August 2023 - August 2024)SEK-310M(-17.9%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check Switzerland and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Switzerland and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.63B to Switzerland. The main products exported from Sweden to Switzerland were Cars ($144M), Packaged Medicaments ($70.4M), and Gold ($67.6M). During the last 5 years the exports of Sweden to Switzerland have decreased at an annualized rate of 0.43%, from $1.66B in 2017 to $1.63B in 2022.

In 2017, Switzerland exported $1.78B to Sweden. The main products exported from Switzerland to Sweden were Nitrogen Heterocyclic Compounds ($165M), Vaccines, blood, antisera, toxins and cultures ($162M), and Packaged Medicaments ($138M). During the last 5 years the exports of Switzerland to Sweden have increased at an annualized rate of 3.76%, from $1.43B in 2022 to $1.78B in 2017.

Exports from Sweden (Flag) to Switzerland (Flag) (2022)

Exports from Switzerland (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Switzerland
Top DestinationUnited States$61.7B

This map shows whether countries import more from Sweden or Switzerland. Each country is colored based on the difference in imports they receive from Sweden and Switzerland or the difference in the growth in imports.

In 2022, countries that imported more from Sweden than Switzerland included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

In 2022, countries that imported more from Switzerland than Sweden included United States ($61.7B), China ($44.1B), and Germany ($53.5B).

Difference in imports from Switzerland (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - Switzerland

Flow
Scale

This chart compares trade between Sweden and Switzerland by product, considering products traded by both, Sweden and Switzerland.

During 2022, Sweden had a large net trade with Switzerland in the exports of Machines ($398M), Transportation ($251M), and Precious Metals ($164M).

During 2017, Switzerland had a large net trade with Sweden in the exports of Chemical Products ($676M), Machines ($399M), and Instruments ($218M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Switzerland+$85.1MCars
Top Product Potential Switzerland Sweden+$88.7MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Sweden exported services to Switzerland worth $3.94B, with Other business services ($2.36B), Transportation ($722M), and Computer and information services ($263M) being the largest in terms of value.

In 2019, Switzerland exported services to Sweden worth $735M, with Royalties and license fees ($246M), Transportation ($189M), and Computer and information services ($151M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to Switzerland (Flag) (2020)

Services Exports from Switzerland (Flag) to Sweden (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and Switzerland. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Switzerland. Similarly, a dot/product with the flag of Switzerland indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and Switzerland (Flag) (2022)

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